Yousif Capital Management LLC Has $2.16 Million Stock Position in Kirby Corporation $KEX

Yousif Capital Management LLC trimmed its position in Kirby Corporation (NYSE:KEX) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,034 shares of the shipping company’s stock after selling 753 shares during the quarter. Yousif Capital Management LLC’s holdings in Kirby were worth $2,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KEX. GAMMA Investing LLC boosted its holdings in shares of Kirby by 53.4% in the first quarter. GAMMA Investing LLC now owns 672 shares of the shipping company’s stock worth $68,000 after buying an additional 234 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kirby by 206.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the shipping company’s stock worth $792,000 after buying an additional 5,277 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Kirby by 30.9% in the first quarter. Janney Montgomery Scott LLC now owns 11,075 shares of the shipping company’s stock worth $1,119,000 after buying an additional 2,616 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Kirby by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 6,726 shares of the shipping company’s stock worth $679,000 after buying an additional 180 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Kirby by 28.7% during the first quarter. Blue Trust Inc. now owns 668 shares of the shipping company’s stock worth $67,000 after purchasing an additional 149 shares during the period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kirby in a report on Wednesday, October 8th. Evercore ISI decreased their price target on shares of Kirby from $122.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. Bank of America decreased their price target on shares of Kirby from $110.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. BTIG Research restated a “buy” rating and set a $125.00 price target on shares of Kirby in a report on Thursday, September 18th. Finally, Citigroup initiated coverage on shares of Kirby in a report on Monday, September 22nd. They set a “neutral” rating and a $91.00 price target for the company. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Kirby has a consensus rating of “Moderate Buy” and an average target price of $113.40.

Kirby Price Performance

Shares of KEX opened at $85.58 on Friday. The firm has a market cap of $4.78 billion, a PE ratio of 16.18, a PEG ratio of 0.89 and a beta of 1.00. The firm’s 50 day moving average price is $89.15 and its 200 day moving average price is $100.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.74. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $132.21.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.08. The firm had revenue of $855.46 million for the quarter, compared to analyst estimates of $851.94 million. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, research analysts expect that Kirby Corporation will post 6.57 EPS for the current fiscal year.

Kirby Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.